OAKVILLE, Ontario--(BUSINESS WIRE)--Harvest Portfolios Group Inc. (“Harvest” “Harvest ETFs”) is pleased to announce the completion of the initial offering of Class A Units of the Harvest Bitcoin Enhanced Income ETF and Class A Units of the Harvest Bitcoin Leaders Enhanced Income ETF pursuant to a prospectus dated April 4, 2025, filed with the securities regulatory authorities in all of the Canadian provinces and territories. The Class A Units of the Harvest Bitcoin Enhanced Income ETF will commence trading on the Cboe Canada (“Cboe”) exchange today under the following ticker symbol: Cboe:HBIX (“HBIX”). The Class A units of the Harvest Bitcoin Leaders Enhanced Income ETF will commence trading on the Cboe exchange today under the following ticker symbol: Cboe:HBTE (“HBTE”).
Distribution Announcement
HBIX will pay a quarterly distribution of $0.24 CAD per Class A Unit and the first monthly distribution will be paid on or about June 9, 2025 to unitholders of record on May 30, 2025 with an ex-dividend date of May 30, 2025.
HBTE will pay a monthly distribution of $0.33 CAD per Class A Unit and the first monthly distribution will be paid on or about June 9, 2025 to unitholders of record on May 30, 2025 with an ex-dividend date of May 30, 2025.
“Harvest is pleased to initiate offerings with Crypto exposure with these two innovative ETFs,” said Michael Kovacs, President and CEO of Harvest, “We believe that Bitcoin offers a unique growth profile as demand for this digital asset continues to grow while long term supply is limited.”
Investment Objectives
HBIX seeks to provide Unitholders with (i) long-term capital appreciation through purchasing and holding, on a levered basis, an exchange traded fund or portfolio of exchange traded funds which provide exposure to the underlying price movements of the U.S. dollar price of bitcoin, and (ii) high monthly cash distributions. To achieve lower overall volatility of portfolio returns, Harvest Bitcoin Enhanced Income ETF will generally write covered call options on up to 50% of the option eligible portfolio securities held in the portfolio of the Harvest ETF. The level of covered call option writing may vary based on market volatility and other factors.
HBTE will invest, on a levered basis, in securities of Bitcoin Leaders (as defined below) selected by the Manager to seek to provide Unitholders with (i) monthly cash distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of portfolio returns than would otherwise be experienced by owning securities of the selected Bitcoin Leaders directly on a levered basis. To achieve lower overall volatility of portfolio returns, Harvest Bitcoin Leaders Enhanced Income ETF will generally write covered call options on up to 50% of the option eligible portfolio securities held in the portfolio of the Harvest ETF. The level of covered call option writing may vary based on market volatility and other factors.
For additional information: Please visit www.harvestportfolios.com, e-mail info@harvestetfs.com or call toll free 1-866-998-8298.
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For media inquiries: Contact Caroline Grimont, VP Marketing at cgrimont@HarvestETFs.com
Investment Dealers can access and download certain regulatory documents relating to HBIX and HBTE such as the ETF Facts and prospectus via the Harvest website at www.harvestetfs.com.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $6 billion in assets for Canadian Investors. At Harvest ETFs, we believe that investors can build and preserve wealth through the long-term ownership of high-quality businesses. This fundamental philosophy is at the core of our investment approach across our range of ETFs. Our core offerings centre around covered call strategies, available in many variations: Equity, Enhanced, Fixed Income, Multi Asset, Specialty, Digital Assets and Single Stock ETFs.
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You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment fund on the Cboe. If the shares are purchased or sold on the Cboe, investors may pay more than the current net asset value when buying shares of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning shares of an investment fund. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Distributions are paid to you in cash unless you request, pursuant to your participation in a distribution reinvestment plan, that they be reinvested into Class A units of the Fund. If the Fund earns less than the amounts distributed, the difference is a return of capital. An investment fund must prepare disclosure documents that contain key information about the investment fund. You can find more detailed information about the investment fund in these documents.
Contacts
For Additional Information:
Website: https://harvestetfs.com
E-mail: info@harvestetfs.com
Toll free: 1-866-998-8298